The Autonomous AI And Autonomous Agents Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Autonomous AI And Autonomous Agents Global Market Report 2024, The autonomous ai and autonomous agents market size has grown exponentially in recent years. It will grow from $4.93 billion in 2023 to $7.09 billion in 2024 at a compound annual growth rate (CAGR) of 43.8%. The growth in the historic period can be attributed to increased computing power, growth of internet of things (iot), edge-to-cloud integration for seamless functionality, enhanced connectivity infrastructure, increasing demand for automation.
The autonomous ai and autonomous agents market size is expected to see exponential growth in the next few years. It will grow to $30.35 billion in 2028 at a compound annual growth rate (CAGR) of 43.8%. The growth in the forecast period can be attributed to customization and personalization of ai solutions, growing focus on cybersecurity for ai systems, proliferation of ai in healthcare applications, rising demand for industry-specific solutions, rise of edge intelligence. Major trends in the forecast period include technological advancements in machine learning, advancements in sensor technologies, advances in computer vision, development of robotic operating systems, advances in natural language processing, ai-powered virtual assistants and chatbots.
Increasing AI applications are expected to propel the growth of the autonomous AI and autonomous agents market going forward. AI applications refer to practically implementing and utilizing artificial intelligence (AI) technologies in various domains and sectors. Autonomous AI and autonomous agents use AI for enhanced efficiency, improved decision-making, risk reduction, and cost savings. For instance, in November 2022, according to reports shared by Salesforce Inc., a US-based software company, 57% of businesses used AI applications to improve customer service in 2022. Furthermore, in April 2023, according to Forbes Media LLC, a US-based media company, for internal communications, over half (46% of business owners) utilized AI, 97% of company owners think ChatGPT would benefit their operation, and 73% of business firms will use AI-powered chatbots for instant messaging in 2022. Therefore, increasing AI applications are driving the growth of the autonomous AI market.
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The autonomous ai and autonomous agents market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context Awareness, Computer Vision
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Retail And Ecommerce, Telecommunications, Manufacturing, Healthcare And Life Sciences, Energy And Utilities, Automotive, Transportations And Logistics, Government And Defense, Media And Entertainment, Other Verticals
AI technological data platforms are a key trend gaining popularity in the autonomous AI and autonomous agent market. Major companies operating in the autonomous AI and autonomous agent market are focused on developing innovative AI technological data platforms to sustain their position in the market. For instance, in May 2023, International Business Machines Corporation (IBM), a US-based technology company, launched the Watsonx platform, a new AI and data platform. This innovative next-generation AI data platform is designed to help businesses scale and accelerate the impact of the most advanced AI with trusted data. Watsonx is built on top of IBM Cloud Pak for Data, and it includes several new features that make it easier for businesses to build, deploy, and manage AI models. Additionally, Watsonx is a powerful platform that can help enterprises to improve efficiency, reduce costs, improve accuracy, and increase agility. It is a valuable tool for businesses that are looking to adopt AI.
The autonomous ai and autonomous agents market report table of contents includes:
- Executive Summary
- Autonomous AI And Autonomous Agents Market Characteristics
- Autonomous AI And Autonomous Agents Market Trends And Strategies
- Autonomous AI And Autonomous Agents Market – Macro Economic Scenario
- Global Autonomous AI And Autonomous Agents Market Size and Growth
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- Global Autonomous AI And Autonomous Agents Market Competitive Benchmarking
- Global Autonomous AI And Autonomous Agents Market Competitive Dashboard
- Key Mergers And Acquisitions In The Autonomous AI And Autonomous Agents Market
- Autonomous AI And Autonomous Agents Market Future Outlook and Potential Analysis
- Appendix
Top Major Players:
- Alphabet Inc.
- Amazon Web Services Inc
- Siemens AG
- Intel Corporation
- Accenture PLC
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